IFSC Code, MICR Codes for STATE BANK OF HYDERABAD in KARNATAKA - RAICHUR - RAICHUR - RIMS RAICHUR

STATE BANK OF HYDERABAD RTGS HO Branch in RAICHUR - Address, IFSC, MICR Code


IFSC Code

SBHY0021191

MICR Code

584004006

Branch

RIMS RAICHUR

Contact

270055

Address

HYDERABAD ROAD RAICHUR KARNATAKA 584104

City

RAICHUR

District

RAICHUR

State

KARNATAKA





What is IFSC Code of STATE BANK OF HYDERABAD situated at RIMS RAICHUR- RTGS-HO?
IFSC Code of STATE BANK OF HYDERABAD situated at RIMS RAICHUR - RTGS-HO is

SBHY0021191

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.